Armenia - Macro-Advisory

Smart Technology Caucasus August 2018

This is the first in a series of introductions to Smart City programs which have been launched, or which are planned, across the CIS-Eurasia region. Other reports in the series will look separately at programs in Belarus, Ukraine, and
Russia, and also across the Central Asia region. These reports aim only to provide an overview of existing smart city and technology projects and of current and future State plans for developing “e-” and technology projects in each of the countries across the region.

Eurasia Armenia Snapshot

GDP. Growth in 2018 is expected at 5.6%. This is lower than the 7.5% recorded for 2017, but that was boosted with one-offs such as a new mine start-up. The main drivers of growth last year were mining sector exports (copper and gold), the US$1.5 bln received in remittances (two-thirds from Russia) and strong growth in the technology sector.

Country Profile Armenia May 2015

Armenia’s economic performance this year will be impeded by the impact of the Russian ruble depreciation and the expected drop in remittances from Armenian workers in Russia. We expected GDP growth to contract to just 1% in 2015 from over 7% in 2012.

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Smart Technology Caucasus August 2018

Eurasia Armenia Snapshot

Country Profile Armenia May 2015

Astana

+ 7 (717) 279 3260

Baku

+ 994 (12) 526 4257

London

+ 44 (0)20 8798 0742

Lviv

+ 380 (32) 242 4410

Moscow

+ 7 (495) 139 4703

Tashkent

+ 998 (71) 205 0837

Washington DC

+ 1 (202) 951 8444